Members Advisory Group, LLC (Williamsville)

Name: Members Advisory Group, LLC
Address: 6750 Main Street, Williamsville, NY, 14221
Telephone: 716-632-4050

Members Advisory Group, LLC is a large advisory firm based in Williamsville. It manages $236.62 million of regulatory assets for 1,086 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Colorado, Florida, New York, and Texas.

Members Advisory Group provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Members Advisory Group: assets under management

The assets under management (AUM) of Members Advisory Group, LLC is $236.62 million. The firm's AUM has grown by 192% since the beginning of its operation, and $105.43 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $231.96 million in discretionary accounts and $4.66 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $217.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $233.12 thousand.

Members Advisory Group has custody of $75.71 million in cash and securities for 240 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 31% of the total AUM. The second-largest asset type is exchange traded securities, which make up 30% of the firm’s portfolio. Investments in investment and business development companies form 29% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Members Advisory Group, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Members Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Members Advisory Group is individuals with 683 clients and $174.27 million of assets under management. Among the 9 most similar advisory firms, Members Advisory Group has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $236.6 million for 750 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Members Advisory Group doesn't advise any private funds.

Careers at Members Advisory Group, LLC

The company employs 6 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Arthur Cashmore	Managing member	1 Apr 2009	75% - 100%	1928725
Jeffrey Arthur Cashmore	Chief compliance officer	1 Nov 2010	75% - 100%	1928725
Scott Michael Cashmore	Member	1 Sep 2012	Other	5013398

Based in Williamsville

The principal office where Members Advisory Group, LLC performs its advisory services is located at 6750 Main Street, Williamsville, NY 14221, which is also the mailing address of the firm. An additional office of the firm is in Liverpool, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 716-632-4050 or by fax 716-632-1119. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at membersadvgrp.com/.